My Way News - Treasury's toxic asset plan could cost $1 trillionNot repeated? I don't think it could be TOUCHED!
WASHINGTON (AP) - The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books.
The new effort, to be unveiled Monday, will be followed the next day with release of the administration's broad framework for overhauling the financial system to ensure that the current crisis - the worst in seven decades - is not repeated.
Trillions being tossed around, Obama finding time to go on talk shows and acting like a second-rate comic, going on '60 Minutes' and having the host being agast at his actions - would someone PLEASE tell the author of this damnable tale that not only is there no way it's ever going to sell since the characters in a political thriller are at least SUPPOSED to be marginally competent, but it's not even that amusing as a political comedy where the characters are assumed to be completely incompetent?
I think we're screwed. And we're not only screwed, but we've got no idea just HOW screwed we are yet. Obama's pulling hard on the wrench, and he's paying NO attention whatsoever to the torque limits...